Income Tax Act

Puma Exploration Closes $625,000 Charity Flow-Through Private Placement

Retrieved on: 
星期四, 三月 28, 2024
Indian stock exchange, Income Tax Act, TSX Venture Exchange, Private, Acceleration, PUMA, TSX, CFT, OTCQB, Security (finance)

RIMOUSKI, Québec, March 28, 2024 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSX-V: PUMA, OTCQB: PUMXF) (the “Company” or “Puma”) announces that it has closed a non-brokered placement (the “CFT Private Placement”) consisting of 5,000,000 Charity flow-through units (the “CFT Units”) at $0.125 per CFT Unit for gross proceeds of C$625,000.

Key Points: 
  • RIMOUSKI, Québec, March 28, 2024 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSX-V: PUMA, OTCQB: PUMXF) (the “Company” or “Puma”) announces that it has closed a non-brokered placement (the “CFT Private Placement”) consisting of 5,000,000 Charity flow-through units (the “CFT Units”) at $0.125 per CFT Unit for gross proceeds of C$625,000.
  • In connection with the closing of the private placement offering, the Company paid NO cash finder's fees NOR finder warrants.
  • All securities issued in connection with the private placement are subject to a four-month-and-one-day hold period expiring on July 29, 2024.
  • The private placement has received conditional approval from the TSX Venture Exchange.

EV Nickel Announces Closing of $5.12 Million Flow-Through Financing

Retrieved on: 
星期四, 三月 28, 2024
The Company, Income Tax Act, TSX Venture Exchange, Offering, Corporation, News, Security (finance)

TORONTO, March 28, 2024 (GLOBE NEWSWIRE) -- EV NICKEL INC. (TSX-V: EVNI) ("EVNi" or the "Company") is pleased to announce that it has closed its previously announced private placement of flow-through common shares for aggregate proceeds of $5,119,750 (the "Offering"). The Offering was led by PowerOne Capital Markets Limited and Clarus Securities Inc. (the “Agents”).

Key Points: 
  • The Offering was led by PowerOne Capital Markets Limited and Clarus Securities Inc. (the “Agents”).
  • "We are very appreciative for the strong interest in this financing, which will be utilized by the company to further develop our high grade and large-scale nickel resources.
  • Together with the funds raised from recent warrant exercises, the Company is well capitalized and is in active preparation for its upcoming work program."
  • The Premium Flow-Through Shares and the Flow-Through Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).

Hammond Power Solutions Increases Quarterly Dividend

Retrieved on: 
星期三, 三月 27, 2024
HPS, TSX, Income Tax Act

GUELPH, Ontario, March 27, 2024 (GLOBE NEWSWIRE) -- (TSX: HPS.A) The Board of Directors of Hammond Power Solutions Inc. (“HPS”) declared a quarterly cash dividend of twenty-seven and a half cents ($0.275) per Class A Subordinate Voting Share of HPS and a quarterly cash dividend of twenty-seven and a half cents ($0.275) per Class B Common Share of HPS payable on June 25, 2024, to shareholders of record at the close of business on June 18, 2024.

Key Points: 
  • GUELPH, Ontario, March 27, 2024 (GLOBE NEWSWIRE) -- (TSX: HPS.A) The Board of Directors of Hammond Power Solutions Inc. (“HPS”) declared a quarterly cash dividend of twenty-seven and a half cents ($0.275) per Class A Subordinate Voting Share of HPS and a quarterly cash dividend of twenty-seven and a half cents ($0.275) per Class B Common Share of HPS payable on June 25, 2024, to shareholders of record at the close of business on June 18, 2024.
  • HPS designates the entire amount of this taxable dividend to be an “eligible dividend” for purposes of the Income Tax Act (Canada), as amended from time to time.
  • Please contact your tax advisor if you have any questions with regard to the designation of the eligible dividend.
  • HPS undertakes no obligation to publicly update any forward-looking statement, except as required by applicable securities laws.

Li-FT Closes $10.1 Million In Flow-Through Share Financings

Retrieved on: 
星期三, 三月 27, 2024
Lithium, Public, Income Tax Act, Private, Sale, Regulation, WIRE, Person, Agent, NOT, Legislation, NEWS, Prospectus, Security (finance)

VANCOUVER, British Columbia, March 27, 2024 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce it has closed the previously announced marketed public offering (the “Public Offering”) of 1,179,500 common shares of the Company issued on a “flow-through” basis (each a “Flow-Through Share”) at a price of $6.05 per Flow-Through Share. The Public Offering generated aggregate gross proceeds of $7,135,975. The Flow-Through Shares will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).

Key Points: 
  • The Flow-Through Shares will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).
  • The Public Offering was led by Canaccord Genuity Corp. on behalf of a syndicate of agents, including SCP Resource Finance LP.
  • The Base Shelf Prospectus and the Prospectus Supplement are available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
  • The Private Placement Flow-Through Shares will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).

Vortex Energy Closes Charity Flow-Through Private Placement for Gross Proceeds of C$830,000

Retrieved on: 
星期二, 三月 26, 2024
Income Tax Act, Offering, VRTX, Security (finance)

VANCOUVER, British Columbia, March 26, 2024 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) ("Vortex” or the "Company") is pleased to announce that it has closed its previously announced non-brokered charity flow-through private placement of common shares of the Company (the “Offering”) for gross proceeds to the Company of C$830,000.52 pursuant to an arrangement with Wealth Creation Preservation & Donation Inc. (“WCPD”).

Key Points: 
  • VANCOUVER, British Columbia, March 26, 2024 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) ("Vortex” or the "Company") is pleased to announce that it has closed its previously announced non-brokered charity flow-through private placement of common shares of the Company (the “Offering”) for gross proceeds to the Company of C$830,000.52 pursuant to an arrangement with Wealth Creation Preservation & Donation Inc. (“WCPD”).
  • Pursuant to the Offering, the Company issued 2,441,178 “flow-through” common shares of the Company (each, a “Flow-Through Share”) at a price of C$0.34 per Flow-Through Share.
  • The Flow-Through Shares issued under the Offering are intended to qualify as “flow through shares” within the meaning of the Income Tax Act (Canada) (the “Tax Act”).
  • All securities issued in connection with the closing of the Offering are subject to a statutory hold period, in accordance with applicable securities laws, expiring on July 26th, 2024.

ECN Capital Reports US ($0.05) in Adjusted Net (Loss) per Common Share in Q4-2023

Retrieved on: 
星期四, 三月 21, 2024
Income Tax Act, ECN Capital, Controller, TSX, ECN, Triad

TORONTO, March 21, 2024 (GLOBE NEWSWIRE) --  ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today reported financial results for the three-month period and year ended December 31, 2023.

Key Points: 
  • TORONTO, March 21, 2024 (GLOBE NEWSWIRE) --  ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today reported financial results for the three-month period and year ended December 31, 2023.
  • For the three-month period ended December 31, 2023, ECN Capital reported Adjusted net (loss) applicable to common shareholders from continuing operations of ($13.5) million or ($0.05) per share (basic) versus $0.5 million or $0.00 per share (basic) for the previous three-month period and $4.1 million or $0.02 per share (basic) for the same period last year.
  • Adjusted EBITDA for the three-month period ended December 31, 2023 was $5.5 million versus $24.1 million for the previous three-month period and $24.6 million for the same period last year.
  • ECN Capital also announced today that Michael Lepore, Chief Financial Officer, is stepping down effective March 31, 2024.

Savaria Declares Monthly Dividend

Retrieved on: 
星期四, 三月 21, 2024
Corporation, TSX, Income Tax Act, Policy

LAVAL, Quebec, March 21, 2024 (GLOBE NEWSWIRE) -- Savaria Corporation (“Savaria”) (TSX: SIS) a global leader in the accessibility industry, declared today a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on April 10, 2024, to shareholders of record of the Corporation at the close of business on March 29, 2024.

Key Points: 
  • LAVAL, Quebec, March 21, 2024 (GLOBE NEWSWIRE) -- Savaria Corporation (“Savaria”) (TSX: SIS) a global leader in the accessibility industry, declared today a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on April 10, 2024, to shareholders of record of the Corporation at the close of business on March 29, 2024.
  • This is an eligible dividend within the meaning of the Income Tax Act.

Vior Announces $20 Million Private Placement

Retrieved on: 
星期三, 三月 20, 2024
Mining, TSX Venture Exchange, Exercise, Exchange, CEE, Sale, Amend, Policy, Minority, VIO, Acceleration, Irish Republican Army (1919–1922), News, Date, Originality, IRA, Income Tax Act, Offering, QTA, Agent, Security (finance)

It is expected that approximately $13 million will be raised from FT Units and $7 million from Hard Units and Subscription Receipts.

Key Points: 
  • It is expected that approximately $13 million will be raised from FT Units and $7 million from Hard Units and Subscription Receipts.
  • Each Hard Unit and Subscription Receipt will have an issue price of $0.125 and each FT Unit will have an issue price of $0.2225.
  • The Over-Allotment Option will be exercisable, in whole or in part, up to 48 hours prior to the Closing Date.
  • The parties are expected to enter into a definitive royalty option agreement (the “Royalty Option Agreement”).

Stingray Declares Quarterly Dividend to Shareholders

Retrieved on: 
星期二, 三月 19, 2024
TSX, Income Tax Act, Policy, Holding company

MONTREAL, March 19, 2024 (GLOBE NEWSWIRE) -- Stingray Group Inc. (TSX: RAY.A; RAY.B) (“Stingray” or the “Corporation”) today announced that the Board of Directors has declared a quarterly dividend of $0.075 per subordinate voting share, variable subordinate voting share and multiple voting share that will be payable on or around June 14, 2024, to shareholders on record as of May 31, 2024.

Key Points: 
  • MONTREAL, March 19, 2024 (GLOBE NEWSWIRE) -- Stingray Group Inc. (TSX: RAY.A; RAY.B) (“Stingray” or the “Corporation”) today announced that the Board of Directors has declared a quarterly dividend of $0.075 per subordinate voting share, variable subordinate voting share and multiple voting share that will be payable on or around June 14, 2024, to shareholders on record as of May 31, 2024.
  • The Corporation’s dividend policy is at the discretion of the Board of Directors and may vary depending upon, among other things, available cash flow, results of operations, financial condition, business growth opportunities and other factors that the Board of Directors may deem relevant.
  • The dividends paid are designated as "eligible" dividends for the purposes of the Income Tax Act (Canada) and any corresponding provisions of provincial and territorial tax legislation.

ECN Capital Declares First Quarter 2024 Preferred Share Dividend

Retrieved on: 
星期五, 三月 15, 2024
TSX, Income Tax Act, ECN

TORONTO, March 15, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) announced today that the Company’s Board of Directors has authorized and declared a quarterly dividend of C$0.4960625 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series C (TSX: ECN.PR.C) to be paid on April 1, 2024 to shareholders of record as of close of business on March 22, 2024.

Key Points: 
  • TORONTO, March 15, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) announced today that the Company’s Board of Directors has authorized and declared a quarterly dividend of C$0.4960625 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series C (TSX: ECN.PR.C) to be paid on April 1, 2024 to shareholders of record as of close of business on March 22, 2024.
  • This dividend is designated to be an eligible dividend for purposes of section 89(1) of the Income Tax Act (Canada).